After the 40% certificate.. the highest return on savings certificates in Egyptian banks

Many people are looking for the highest return on savings certificates in the Egyptian banking market, after a private sector bank offered a certificate with a cumulative 40% return to be paid in advance.

The Central Bank of Egypt kept the interest rate at 18.25% at its June meeting, after raising it last March by 200 basis points for the first time this year, and by 800 basis points last year, in an effort to absorb the wave of inflation.

1. Certificate of the Arab African Bank, Egypt

The Arab African International Bank-Egypt announced the launch of a triple deposit certificate paid in advance, with 40% interest for a period of 3 years, with a minimum amount of EGP 5,000 for issuance of the certificate and multiples of EGP 1,000 without a maximum limit.

  The Arab African Bank stated in a statement on Wednesday, July 26, 2023, that the return is disbursed in full with the beginning of linking the certificate, and the certificate cannot be broken before the lapse of 6 months from the date of linking, and the discount rate is from the added interest value.

2. Industrial Development Bank Certificate

The Industrial Development Bank offered your choice certificate in Egyptian pounds with a cumulative return paid in advance of 39%, according to a statement in early April 2023.

The duration of the certificate is 3 years in Egyptian pounds, after a minimum purchase of 50,000 pounds for the first-time purchase, and it can be increased by multiples of 5,000 pounds without a maximum limit.

3. The return rate and the periodicity of the exchange

The certificate grants a cumulative return that is paid in advance of 39.14% of the value of the certificate, which is paid on the day following the submission of the certificate application. Egyptians and foreigners are entitled to purchase.

The certificate may be redeemed after six months from the working day following the date of linking it, whereby the customer will be refunded the original amount of his certificate minus the amount of interest paid to him in advance and plus the accrued interest after recalculating the return using the recovery price.

4. Arab Investment Bank-Egypt

The Arab Investment Bank-Egypt launched a new three-year savings certificate with a fixed return of 17.25% per month, 17.5% quarterly, and 18% annually. The bank requires a minimum of EGP 10,000 to open the certificate. According to the bank's website.

5. Nasser Social Bank

The governmental Nasser Social Bank decided, in early April 2023, to raise the return on savings certificates with a 3-year term to 19% annually, 17.75% the return is paid quarterly, and 17.5% the return is paid monthly.

6. Certificates of the National Bank 

The National Bank of Egypt, the largest government bank in Egypt, offers a 19% certificate with a fixed return for a period of 3 years, and a minimum purchase of 1,000 pounds, according to a statement last April.

7. Banque Misr

As for Banque Misr, the second largest government bank in Egypt, it offered the same certificate of the National Bank of Egypt, 19% for a period of 3 years, a fixed return, and the minimum purchase is one thousand pounds.

8. Certificate of the Egyptian Agricultural Bank

The Agricultural Bank of Egypt issued a new certificate of goodness in Egyptian pounds for a period of three years, with a return of 19% to be spent monthly and a return of 19.5% to be spent annually, and the certificate allows for the possibility of borrowing against its guarantee, according to a statement last April.

9. Al Baraka Bank

Al Baraka Bank also issued a new savings certificate for a period of three years, with an annual variable return of not less than 19%, and it is disbursed monthly.